Abbreviated Company Accounts - PROJECT AUDIO LTD

06542935 PROJECT AUDIO LTD 2016-03-31 false 2015-04-01 2016-03-31 true 06542935 2015-04-01 2016-03-31 06542935 2016-03-31 06542935 2015-03-31 06542935 uk-gaap-cd-bus:Director1 2015-04-01 2016-03-31 06542935 uk-gaap-cd-bus:Director2 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-01 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 iso4217:GBP shares

Registered Number 06542935

PROJECT AUDIO LTD

Abbreviated Accounts

31 March 2016

PROJECT AUDIO LTD Registered Number 06542935

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	172,584	164,118
		172,584	164,118
Current assets
Stocks		35,000	35,000
Debtors	3	59,692	44,388
Cash at bank and in hand		6,635	716
		101,327	80,104
Prepayments and accrued income		5,495	5,495
Creditors: amounts falling due within one year	4	(76,262)	(73,480)
Net current assets (liabilities)		30,560	12,119
Total assets less current liabilities		203,144	176,237
Creditors: amounts falling due after more than one year	4	(76,793)	(130,114)
Accruals and deferred income		(12,078)	-
Total net assets (liabilities)		114,273	46,123
Capital and reserves
Called up share capital	5	1,000	1,000
Profit and loss account		113,273	45,123
Shareholders' funds		114,273	46,123

For the year ending 31 March 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 31 December 2016

And signed on their behalf by:
Claire Munnelly, Director

PROJECT AUDIO LTD Registered Number 06542935

Notes to the Abbreviated Accounts for the period ended 31 March 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover is shown net of VAT

Tangible assets depreciation policy
Depreciation is shown on all tangible assets , on a written down basis , at rates calculated to write off the cost or valuation , less estimated residual value of each asset over it's expected useful life

2Tangible fixed assets

	£
Cost
At 1 April 2015	164,118
Additions	106,814
Disposals	(55,200)
Revaluations	-
Transfers	-
At 31 March 2016	215,732
Depreciation
At 1 April 2015	0
Charge for the year	43,148
On disposals	0
At 31 March 2016	43,148
Net book values
At 31 March 2016	172,584
At 31 March 2015	164,118

3Debtors

	2016 £	2015 £
Debtors include the following amounts due after more than one year	5,494	5,494

4Creditors

	2016 £	2015 £
Non-instalment debts due after 5 years	76,803	130,114

5Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
1,000 Ordinary shares of £1 each	1,000	1,000